Global Leisure Travel Market to Be Driven by Growing Emphasis on Mental Wellness During Forecast Period 2022-2027 – Designer Women
Expert Market Research’s new report titled, “Global Leisure Travel Market Report and Forecast 2022-2027”, provides an in-depth analysis of the global leisure travel market, assessing the leisure travel market based on its segments such as traveler types, sales channels, age groups, spend types and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Get a free sample report with table of contents: https://bit.ly/3yQXuEs
Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2020): approximately $1,070 billion
- Forecast CAGR (2022-2027): 7%
The growth of the leisure travel market can be attributed to the rise in per capita disposable income. Rising living standards have propelled the travel industry, thus fueling the growth of the leisure travel market. Furthermore, the market is further aided by the measures taken by private and public sector companies to promote vacations, such as paid holidays and LTC policies, among others. Moreover, the growing internet penetration unites diverse cultures through social media, which drives people to explore more, thus contributing to the expansion of the market. Additionally, growing trends of social media influence have given rise to travel blogs which are another factor positively influencing the growth of the market.
Industry definition and segmentation
Pleasure travel refers to vacations across the country or across the country taken by individuals or a group of individuals for their personal enjoyment. It allows people to rejuvenate themselves after a busy life by exploring different parts of the world and engaging in different activities. The leisure travel industry includes services such as accommodation, transportation, retail, and entertainment, among others.
Read the full report with table of contents: https://bit.ly/3lwKLPl
On the basis of traveler type, the market can be split into:
On the basis of sales channel, the market can be segmented into:
- Conventional channel
- Chanel online
The market, based on age group, can be categorized into:
- baby boomers
- Generation X
- Generation Z
Depending on the type of expenditure, the market can be divided into:
- Food and drink
- Event and entertainment
Regional leisure travel markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The growth of the global leisure travel market is driven by the growing penetration of online sales channels. The growing penetration of consumer electronic devices such as smartphones, tablets and laptops has led to the establishment of various travel agencies operating in online mode, thus fueling the growth of the market. Additionally, growing collaborations between banks, hotels, and airlines are attracting more customers through sales techniques such as discounted prices, cashback, and freebies, among others. Additionally, the market is expected to further grow at a significant rate in the coming years owing to greater focus on mental wellness. These are some of the factors contributing to the growth of the market.
Main market players
Major market players include JTB USA Inc., Expedia Group, Inc., Cox & Kings Ltd., CWT Global BV, American Express Company, Travel Leaders Group, and TUI AG, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients stay at the forefront of their industries by providing comprehensive and actionable market data through its market reports unionized and customized, covering more than 15 major industry fields. The company’s extensive and ever-growing reporting database, which is constantly updated, includes reports from verticals such as Chemicals & Materials, Food & Beverages, Energy & Mining, technology and media, consumer goods, pharmaceuticals, agriculture and packaging.
EMR leverages its industry-leading technology and analytical tools, along with the expertise of its highly skilled team of 100+ analysts and 3,000+ consultants, to help its clients, ranging from Fortune 1000 companies to small and midsize companies. businesses. businesses, easily grasp vast industry data and help them formulate market and business strategies, which ensure they stay ahead of the curve.
Read more reports:
Global Jojoba Oil Market: https://theindustrysegment.com/76673/business/global-jojoba-oil-market-to-be-drive-at-a-cagr-of-7-6-in-the -forecast-period -from-2021-2026/
Global Liquid Fertilizer Market: https://theindustrysegment.com/76677/business/global-liquid-fertilizer-market-to-be-drive-at-a-cagr-of-2-9-in-the-forecast- period -from-2021-2026/
Global Spray Drying Equipment Market from-2021-2026/
Global Residential Digital Faucets Market: https://theindustrysegment.com/76696/business/global-residential-digital-faucets-market-to-be-drive-by-the-rising-demand-of-smart-bathrooms-and – growing-concern-about-water-wasting-over-the-forecast-period-2021-2026/
Company name: Claight Corporation
Contact:- Ian Bell, Business Consultant
Email: [email protected]
Toll Free: USA +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
Learn more about EMR Inc.’s Procurement Intelligence Services.
* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.